Greenbrier Companies (NYSE:GBX) Hits New 12-Month Low - Here's What Happened

Key Points

• Greenbrier Companies shares hit a new 52-week low, falling to $38.06 during Thursday trading and last changing hands near $37.88, below the prior close of $38.78.
• Analyst sentiment remains cautious: the consensus rating is “Reduce”, with three Hold ratings and one Sell rating, while the average price target is $45.
• Institutional investors own 95.59% of the stock, with several hedge funds recently initiating or increasing positions in the railcar manufacturer.

Greenbrier Companies, Inc. (The) (NYSE:GBX - Get Free Report)'s share price hit a new 52-week low during trading on Thursday. The company traded as low as $38.06 and last traded at $37.8760, with a volume of 23325 shares changing hands. The stock had previously closed at $38.78.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Greenbrier Companies from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Susquehanna cut Greenbrier Companies from a "positive" rating to a "neutral" rating and set a $52.00 target price on the stock. in a research report on Thursday, July 2nd. Finally, Weiss Ratings downgraded Greenbrier Companies from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, September 1st. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $45.00.

Greenbrier Companies Trading Down 1.2%

The stock's 50 day moving average is $44.22 and its 200 day moving average is $47.58. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 11.37 and a beta of 1.45.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Versant Capital Management Inc lifted its stake in Greenbrier Companies by 63.0% in the 3rd quarter. Versant Capital Management Inc now owns 1,185 shares of the transportation company's stock valued at $47,000 after buying an additional 458 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Greenbrier Companies during the second quarter worth $50,000. Public Employees Retirement System of Ohio acquired a new position in shares of Greenbrier Companies in the second quarter worth $62,000. State of Wyoming purchased a new stake in shares of Greenbrier Companies in the second quarter valued at $144,000. Finally, Tidal Investments LLC purchased a new stake in shares of Greenbrier Companies in the second quarter valued at $216,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc is a transportation equipment manufacturer and services provider focused primarily on the freight rail industry. The company designs, manufactures, and markets a broad range of railcars used to transport commodities and industrial products, including covered hoppers, tank cars, gondolas, boxcars, and intermodal equipment.

Greenbrier also provides railcar leasing and fleet management services, as well as repair, refurbishment, maintenance, parts, and wheel services.

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